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Hi Sean,
We operate something along the lines of what you have proposed. (I have
mailed you a copy of our group rules/ agreement), however I believe that you
must be a shareholder to be a legal member of a group - ie: all members must
have a financial stake in the aircraft.
As far as I know there is no minimum share value specified by the CAA so we
decided that =A3500 would ensure the insurance excess is covered in the
event of an accident. My understanding is that if group members did not have
a financial stake in the aircraft then the CAA would treat this arrangement
as Hire & Reward which is not permitted since a fee is being charged for the
use of the aircraft (ie: the operating costs - hangarage and insurance etc).
Also whilst not compulsory, I think it is desirable that group members are
LAA members and also members of the particular flying club that you belong
to. The insurance company will also be likely to insist that all group
members have undertaken a suitable conversion course (ie the LAA training
scheme). In view of the Europas tricky ground handling I would insist on
this regardless (sorry, but I have assumed yours is a monowheel - it may not
be).
I think allowing other pilots to fly your aircraft without any sort of
financial commitment is not a great idea, though you will no doubt get many
takers - IMHO that is.
I would be interested to know what others in the Europa fraternity think of
such an arrangement.
Carl
----- Original Message -----
From: Sean O'Reilly
To: Europa Mailing List
Sent: Sunday, January 04, 2009 6:54 PM
Subject: Europa-List: Non-equity member operating groups in the UK
I am trying to defray the cost of convenient but expensive hangarage at
Redhill by bringing in another user for my Europa.
Does anyone in the UK have experience of establishing a group for operating
a Europa with non-equity members, such that the new participant would not
need to 'buy into' the aeroplane, but simply pay a monthly charge and/or an
hourly rate? I an assuming that such a thing is permitted under UK Law /
CAA regulation!
Any experience (including benchmark rates and examples of written
agreements) would be gratefully received.
Regards
Sean
Reigate, UK
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